Some of the stiffest competition facing U.S. exporters does not come from Europe—or even China—but the U. S. Treasury Department.
Yesterday, the U.S. Bureau of Economic Analysis (BEA) announced that foreign customers spent $1.83 trillion on U.S. goods and services in 2010.
They spent $119 billion on U.S. agricultural exports, $370 billion on machinery and equipment, $112 billion on vehicles and parts, $166 billion on consumer goods like pharmaceuticals and household goods, and $546 billion on services.
The BEA reported that foreigners directly invested $194 billion in the U.S. economy and spent another $117 billion on net purchases of U.S. stocks.
In 2010, foreigners also spent $707 billion on U.S. Treasury bonds and notes to help finance the federal budget deficit. This represents $707 billion that was denied to U.S. exporters and businesses—which are seeking much-needed investment—and spent to finance the federal budget deficit instead.
U.S. businesses should recognize that if they want to increase exports and attract more foreign investment, the federal government is one of their biggest competitors for scarce foreign dollars.
Illuminating and disappointing.
The feds are taking our future from all angles. They are in the way of America's prosperity.
There are so many reasons why we need to shrink this out of control behemoth to a size where we the people have a chance at the life a generation or more ago had.
Their greed for power, wealth, privilege, and stature are consuming everything!
They're absolute crooks deliberately taking us down. Don't know why hands are tied IN EXPOSING THE DERELICTION to the country.
Their words of deception is absorbed by those not knowing any better, the dereliction will always be defended by those who know nothing but words and know if those words aren't met, it's someone elses fault. WHAT A TERRIBLE, NARROWED MIND SET! COMPLIMENTS OF THE INDOCTRINATORS!.